UBISS, the Company responsible for the management and evolution of the information systems of the eight banks in the UBI Group, the third Italian banking group in terms of Stock Exchange capitalization, needed a more evolved, performing and technologically updated system for the management of operations for the placement of funds and SICAV, in order to keep the Group Banks' efficiency in these operations constantly high.

For this, UBISS chose Cedacri again, with whom, since 2003, it has had a partnership that has led the two companies to develop Full Finance, the Finance platform used by all the Banks in the UBI Group and by Cedacri Customer Banks.
“Over the years, Full Finance has allowed the UBI Group to constantly maintain a high efficiency level in securities trading and in back-office processes; still today, Full Finance is one of the applications that users appreciate the most. This is why, in 2012, when we required a new solution to manage operations for the placement of funds and SICAV, we found that a new cooperation with Cedacri was the option more in line with our strategy for efficiency enhancement and optimization of our application park” said Dario Sorrentino, Head of the Area of Applications for Asset Management of UBISS

From April 2012 to September 2013, UBISS and Cedacri once again worked in partnership to evolve the Full Finance solution towards the management of the entire cycle of placement and post-sale activities for funds and SICAV, so as to allow the Banks in the UBI Group to rely on a single solution to manage the wide range of financial instruments, from securities to derivatives, all the way to investment funds and SICAVs.

Today, the UBI Group has a single interface and a single procedure to manage all the main financial instruments, with obvious advantages for the Group Banks in terms of processes and for UBISS in terms of technology:

• Streamlining of processes, thus streamlining the activities of bank staff, increasing staff productivity and execution speed, and ultimately improving the service provided to end Customers
• Streamlining of the application park, with forecasts of significant reduction in expenses for maintenance and evolution.
• Higher application efficiency, by eliminating a number of duplications- from 550 to 300 maps, from 450 to 200 operating transactions, from 1900 to 1250 programs being executed.

UBISS can also rely on Cedacri's support for future evolution of its functions for placement of funds, which were previously managed in-house. “The cooperation between UBISS and Cedacri has proved to work very well over many years. This project is yet another success achieved together and, thus, also the basis for a profitable continuation of this cooperation in the future” said Dario Sorrentino, Head of the Area of Applications for Asset Management of UBISS